bond-basics

Call Provisions

Provisions in a Bond that permit or require an Issuer to prepay or redeem Bonds before the stated Maturity Date. Such provisions are found in an Indenture or the Bond Resolution under “Redemption.”


See Also

Redemption

The repayment of bonds prior to their maturity date.

Hudson Yards Rail Yards

Start with the Bond Basics

Additional Bonds

Bonds which may be issued in the future under the same master indenture, bond resolution/ordinance, and related documentation upon meeting certain conditions designed to ensure that the revenues available to repay the original bonds, any currently outstanding additional bonds, and the proposed additional bonds will be sufficient (the “additional bonds test”).